1-877-804-2742
What is a collateral car title loan?
Collateral vehicle title loans are secured loans based on the equity or true market value of your car that serves as collateral for the loan. However, even if you pledge your car as collateral, you only need to leave the lien free car title as collateral with the lender so a lien can be placed on it until the loan is fully repaid.
The main benefits
With collateral car title loans no credit checks are necessary for the loan approval. No matter how your credit rating stands, this has no bearing on the loan approval. The loan is based on the security of your collateral. Interest rates are the lowest in the lending industry much lower interest can be offered against the closest competitor. Payments can be as low as $97 per month. Loan terms are the longest up to 4 years. While repaying the loan you continue using and driving your car.
What you need to prepare
All you need to prepare for no credit check title loans is the car for inspection and appraisal to determine the car’s true market value. You also need to bring your lien free car title as collateral. Be sure to show your valid driver’s and proof of permanent residence.
Car Title Loans Canada is a leading collateral title lending company. This locally-owned and managed company has been helping in individuals with their finances offering collateral title loans for vehicles. They give borrowers a chance to get quick cash easily, with the lowest interest rates and loan payment terms that are flexible and the longest. For more information about the company, its title loans and other services, call Car Title Loans toll free at 1-877-804-2742 and apply now or apply online.